Pub Date : 2026-03-01Epub Date: 2026-02-06DOI: 10.1016/j.asieco.2026.102137
Jeongsim Kim
Korean exports mirrored global economic fluctuations during the COVID-19 crisis through regular factory operations because Korea did not impose a nationwide lockdown. Using data on Korean exporting firms, we investigate whether export intensity, firm size, and financial strength affected stock returns during the pandemic from January 2, 2020, to December 30, 2020. We find that the stock returns of exporting firms were influenced more by the global spread of COVID-19 than by its regional spread in China. Furthermore, higher export-intensity firms generally outperformed lower export-intensity firms during the crisis, except for the period of panic caused by the global spread of COVID-19. We also find that small-market capitalization stocks were more volatile and adversely affected than large-market capitalization stocks during both the stock market crash in March and the plunge in exports in April. Finally, we observe that while cash holdings had a positive impact on stock returns during the market crash in March, they had a negative impact on stock returns during the market boom in December.
{"title":"Stock market performance of exporting firms during the COVID-19 pandemic: Evidence from South Korea","authors":"Jeongsim Kim","doi":"10.1016/j.asieco.2026.102137","DOIUrl":"10.1016/j.asieco.2026.102137","url":null,"abstract":"<div><div>Korean exports mirrored global economic fluctuations during the COVID-19 crisis through regular factory operations because Korea did not impose a nationwide lockdown. Using data on Korean exporting firms, we investigate whether export intensity, firm size, and financial strength affected stock returns during the pandemic from January 2, 2020, to December 30, 2020. We find that the stock returns of exporting firms were influenced more by the global spread of COVID-19 than by its regional spread in China. Furthermore, higher export-intensity firms generally outperformed lower export-intensity firms during the crisis, except for the period of panic caused by the global spread of COVID-19. We also find that small-market capitalization stocks were more volatile and adversely affected than large-market capitalization stocks during both the stock market crash in March and the plunge in exports in April. Finally, we observe that while cash holdings had a positive impact on stock returns during the market crash in March, they had a negative impact on stock returns during the market boom in December.</div></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":"103 ","pages":"Article 102137"},"PeriodicalIF":3.4,"publicationDate":"2026-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147421556","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2026-03-01Epub Date: 2026-02-12DOI: 10.1016/j.asieco.2026.102140
Weijie Jiang , Yuqian Fang
Collaborative innovation is a key channel through which knowledge flows across regions and innovation resources are more efficiently allocated. However, geographic distance imposes information asymmetries and travel costs that often hinder this process. This paper examines how Air Route Opening affects Cross-City Collaborative Innovation, using a panel dataset covering 284 Chinese cities from 2011 to 2021. By matching flight schedule data from the Civil Aviation Administration of China with patent data from the China National Intellectual Property Administration, the findings reveal that Air Route Opening significantly boosts Cross-City Collaborative Innovation: every 10 additional flights between two cities are associated with a 9.37 % increase in joint patent applications. Heterogeneity analysis shows that university–industry and firm–firm collaborations are more sensitive to Air Route Opening, and that partnerships involving 985 universities respond more strongly. Non-major cities benefit the most from enhanced Air Route Opening.
{"title":"Innovation on wings: The impact of air route opening on cross-city collaborative innovation","authors":"Weijie Jiang , Yuqian Fang","doi":"10.1016/j.asieco.2026.102140","DOIUrl":"10.1016/j.asieco.2026.102140","url":null,"abstract":"<div><div>Collaborative innovation is a key channel through which knowledge flows across regions and innovation resources are more efficiently allocated. However, geographic distance imposes information asymmetries and travel costs that often hinder this process. This paper examines how Air Route Opening affects Cross-City Collaborative Innovation, using a panel dataset covering 284 Chinese cities from 2011 to 2021. By matching flight schedule data from the Civil Aviation Administration of China with patent data from the China National Intellectual Property Administration, the findings reveal that Air Route Opening significantly boosts Cross-City Collaborative Innovation: every 10 additional flights between two cities are associated with a 9.37 % increase in joint patent applications. Heterogeneity analysis shows that university–industry and firm–firm collaborations are more sensitive to Air Route Opening, and that partnerships involving 985 universities respond more strongly. Non-major cities benefit the most from enhanced Air Route Opening.</div></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":"103 ","pages":"Article 102140"},"PeriodicalIF":3.4,"publicationDate":"2026-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147421535","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2026-03-01Epub Date: 2026-02-13DOI: 10.1016/j.asieco.2026.102142
Ying Chen , Jiecan Li , Dongliang Wang , Jidong Huang
Although it has been widely known that smoking is associated with deteriorating health, smoking among the Chinese elderly (age 60 and above) remains at a high level. Research on smoking among this population has been limited. This study aims to examine the association between smoking and the health status of the Chinese elderly, utilizing the data from the China Health and Retirement Longitudinal Study (CHARLS) from 2011 to 2020, with a secondary aim to analyze the potential impact of local tobacco control policies on smoking behaviors among this population. The results show that, despite survival biases, smoking was significantly associated with elevated risks of chronic lung diseases, coronary heart diseases, and kidney diseases, and lower level of self-assessed health status among the elderly. Additional analysis among those with a smoking history reveals a significant positive correlation between smoking intensity and certain chronic diseases (such as liver and stomach diseases). Analysis using the instrumental variable method indicates that the impact of local tobacco control policies on smoking behaviors among the Chinese elderly was not statistically significant, suggesting that current local tobacco control policies alone may not be able to significantly alter smoking behaviors among the Chinese elderly who smoke. Heterogeneity analysis indicates that there were significant sex, educational, urban-rural, and regional differences in the associations between the risk of chronic diseases and smoking intensity. Elderly individuals who were male; having lower educational levels; residing in rural areas, tobacco-growing regions, or eastern areas; having better access to medical resources; and living in areas with weaker tobacco control policies, were more likely to be associated with the negative health effects of smoking.
{"title":"Assessing association between smoking and elderly health and the effect of local smoke-free policies in China: Evidence from the CHARLS data","authors":"Ying Chen , Jiecan Li , Dongliang Wang , Jidong Huang","doi":"10.1016/j.asieco.2026.102142","DOIUrl":"10.1016/j.asieco.2026.102142","url":null,"abstract":"<div><div>Although it has been widely known that smoking is associated with deteriorating health, smoking among the Chinese elderly (age 60 and above) remains at a high level. Research on smoking among this population has been limited. This study aims to examine the association between smoking and the health status of the Chinese elderly, utilizing the data from the China Health and Retirement Longitudinal Study (CHARLS) from 2011 to 2020, with a secondary aim to analyze the potential impact of local tobacco control policies on smoking behaviors among this population. The results show that, despite survival biases, smoking was significantly associated with elevated risks of chronic lung diseases, coronary heart diseases, and kidney diseases, and lower level of self-assessed health status among the elderly. Additional analysis among those with a smoking history reveals a significant positive correlation between smoking intensity and certain chronic diseases (such as liver and stomach diseases). Analysis using the instrumental variable method indicates that the impact of local tobacco control policies on smoking behaviors among the Chinese elderly was not statistically significant, suggesting that current local tobacco control policies alone may not be able to significantly alter smoking behaviors among the Chinese elderly who smoke. Heterogeneity analysis indicates that there were significant sex, educational, urban-rural, and regional differences in the associations between the risk of chronic diseases and smoking intensity. Elderly individuals who were male; having lower educational levels; residing in rural areas, tobacco-growing regions, or eastern areas; having better access to medical resources; and living in areas with weaker tobacco control policies, were more likely to be associated with the negative health effects of smoking.</div></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":"103 ","pages":"Article 102142"},"PeriodicalIF":3.4,"publicationDate":"2026-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147421532","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2026-03-01Epub Date: 2026-01-09DOI: 10.1016/j.asieco.2026.102123
Shuyuan Qin , Yongqiu Wu
In the ever-changing macroeconomic environment, economic policy uncertainty has emerged as a crucial external factor influencing individual job-hopping behavior. Using data from the 2014–2020 China Family Panel Studies (CFPS), listed resume data, company hiring data, and multidimensional economic policy uncertainty indicators, we find that economic policy uncertainty significantly reduces job-hopping frequency among workers. When economic policy uncertainty increases by 1 standard deviation, the frequency of job hopping among workers decreases by 0.15 standard deviations. Sensitivity analysis, instrumental variables approach, and a series of robustness tests confirm the reliability of the estimation results. Heterogeneity analysis reveals that economic policy uncertainty reduces the job-hopping frequency of private enterprise employees, moderately educated workers, technical professionals, and production workers. Mechanism tests indicate that economic policy uncertainty primarily inhibits job hopping by increasing individual risk expectations and reducing firms’ hiring and layoff activities. Economic policy uncertainty decreases both the active job-hopping behavior of workers looking for new employment opportunities and the passive job-hopping behavior due to layoffs and other factors, further validating the mechanism of its influence. Finally, from both subjective and objective perspectives, we find that economic policy uncertainty reduces workers’ job match quality by suppressing their job-hopping behavior.
{"title":"Economic policy uncertainty, individual job hopping, and job match","authors":"Shuyuan Qin , Yongqiu Wu","doi":"10.1016/j.asieco.2026.102123","DOIUrl":"10.1016/j.asieco.2026.102123","url":null,"abstract":"<div><div>In the ever-changing macroeconomic environment, economic policy uncertainty has emerged as a crucial external factor influencing individual job-hopping behavior. Using data from the 2014–2020 China Family Panel Studies (CFPS), listed resume data, company hiring data, and multidimensional economic policy uncertainty indicators, we find that economic policy uncertainty significantly reduces job-hopping frequency among workers. When economic policy uncertainty increases by 1 standard deviation, the frequency of job hopping among workers decreases by 0.15 standard deviations. Sensitivity analysis, instrumental variables approach, and a series of robustness tests confirm the reliability of the estimation results. Heterogeneity analysis reveals that economic policy uncertainty reduces the job-hopping frequency of private enterprise employees, moderately educated workers, technical professionals, and production workers. Mechanism tests indicate that economic policy uncertainty primarily inhibits job hopping by increasing individual risk expectations and reducing firms’ hiring and layoff activities. Economic policy uncertainty decreases both the active job-hopping behavior of workers looking for new employment opportunities and the passive job-hopping behavior due to layoffs and other factors, further validating the mechanism of its influence. Finally, from both subjective and objective perspectives, we find that economic policy uncertainty reduces workers’ job match quality by suppressing their job-hopping behavior.</div></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":"103 ","pages":"Article 102123"},"PeriodicalIF":3.4,"publicationDate":"2026-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145980351","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2026-03-01Epub Date: 2026-02-25DOI: 10.1016/j.asieco.2026.102148
Elif Duygu Kömürcüoğlu , Ömer Faruk Kömürcüoğlu , Sinem Koçak
Agricultural production plays a fundamental role in ensuring food security and is among the priority areas of the global policy agenda in line with sustainability goals. Climate change increases supply-side uncertainties in production processes; while monetary policy is a key policy tool that can either amplify or mitigate the impact of these shocks on the agricultural sector through financing conditions and input costs. Nevertheless, studies addressing the impact of climate shocks in conjunction with economic policy instruments remain limited; in particular, the simultaneous effects of climate change and monetary policy on agriculture have not been sufficiently analysed. This study examines the effects of climate change and monetary policy on agricultural production in the E7 countries during the period 2000–2022, aiming to fill this gap. Money supply represents monetary policy in the analysis, and a unique climate change index is created to reflect the multidimensional nature of climate change, going beyond single climate proxies. Control variables such as agricultural land, rural population, and renewable energy consumption were not overlooked. MMQR was used in the empirical analysis; the robustness of the results obtained was tested using FGLS and PCSE estimators. Furthermore, the causality relationships between the variables were assessed using the Dumitrescu–Hurlin panel causality test. The findings reveal that climate change negatively affects agricultural production; conversely, monetary expansion, agricultural land, rural population, and renewable energy consumption increase it. The results indicate the necessity of designing monetary policies in line with climate-resilient policies to strengthen agricultural production and ensure food security.
{"title":"Assessing agricultural production under climate change and monetary policy: A quantile-based analysis for E7 countries","authors":"Elif Duygu Kömürcüoğlu , Ömer Faruk Kömürcüoğlu , Sinem Koçak","doi":"10.1016/j.asieco.2026.102148","DOIUrl":"10.1016/j.asieco.2026.102148","url":null,"abstract":"<div><div>Agricultural production plays a fundamental role in ensuring food security and is among the priority areas of the global policy agenda in line with sustainability goals. Climate change increases supply-side uncertainties in production processes; while monetary policy is a key policy tool that can either amplify or mitigate the impact of these shocks on the agricultural sector through financing conditions and input costs. Nevertheless, studies addressing the impact of climate shocks in conjunction with economic policy instruments remain limited; in particular, the simultaneous effects of climate change and monetary policy on agriculture have not been sufficiently analysed. This study examines the effects of climate change and monetary policy on agricultural production in the E7 countries during the period 2000–2022, aiming to fill this gap. Money supply represents monetary policy in the analysis, and a unique climate change index is created to reflect the multidimensional nature of climate change, going beyond single climate proxies. Control variables such as agricultural land, rural population, and renewable energy consumption were not overlooked. MMQR was used in the empirical analysis; the robustness of the results obtained was tested using FGLS and PCSE estimators. Furthermore, the causality relationships between the variables were assessed using the Dumitrescu–Hurlin panel causality test. The findings reveal that climate change negatively affects agricultural production; conversely, monetary expansion, agricultural land, rural population, and renewable energy consumption increase it. The results indicate the necessity of designing monetary policies in line with climate-resilient policies to strengthen agricultural production and ensure food security.</div></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":"103 ","pages":"Article 102148"},"PeriodicalIF":3.4,"publicationDate":"2026-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147421549","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2026-03-01Epub Date: 2026-02-11DOI: 10.1016/j.asieco.2026.102141
Ruyi Shi
This paper provides rich new evidence on China’s evolving birth order effects on education. We use family-by-wave fixed effects to explore within-family variations in birth order across siblings. A positive birth order effect on education is observed among older generations (born before 1967), while the birth order effect reverses to negative among younger generations (born after 1978). For the positive effect, school dropout among older siblings is the primary driver, whereas child labour laws and resource dilution are the key factors for the negative effect. Brothers have consistently attained higher levels of education than sisters, but this gap has narrowed over time. Our results offer a comprehensive understanding of the relationship between birth order, human capital investment, and intergenerational dynamics in the face of China’s rapid economic transition.
{"title":"Birth order effects on education: New evidence from China","authors":"Ruyi Shi","doi":"10.1016/j.asieco.2026.102141","DOIUrl":"10.1016/j.asieco.2026.102141","url":null,"abstract":"<div><div>This paper provides rich new evidence on China’s evolving birth order effects on education. We use family-by-wave fixed effects to explore within-family variations in birth order across siblings. A positive birth order effect on education is observed among older generations (born before 1967), while the birth order effect reverses to negative among younger generations (born after 1978). For the positive effect, school dropout among older siblings is the primary driver, whereas child labour laws and resource dilution are the key factors for the negative effect. Brothers have consistently attained higher levels of education than sisters, but this gap has narrowed over time. Our results offer a comprehensive understanding of the relationship between birth order, human capital investment, and intergenerational dynamics in the face of China’s rapid economic transition.</div></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":"103 ","pages":"Article 102141"},"PeriodicalIF":3.4,"publicationDate":"2026-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147421555","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2026-03-01Epub Date: 2026-01-11DOI: 10.1016/j.asieco.2026.102127
Xiang Deng , Hongming Zhang , Yiling Gao , Chunlin Wan
Using data from the 2018 Chinese Household Income Project, this study evaluates the impact of China's Modern Distance Education Project for Rural Primary and Secondary Schools (MDEP) on urban-rural education gap by employing a cohort-based DID for cross-sectional data approach. The results demonstrate that the MDEP significantly narrowed the education gap, with particularly strong effects observed among rural female students and children from lower-income households. In terms of the mechanism of action, the digitization of education through three paths: improving learning conditions, improving academic performance, and expanding knowledge horizons. Our analysis further reveals that the MDEP contributes to raising income floors for rural households. Crucially, the MDEP effectiveness in boosting incomes depends on beneficiaries' capacity to translate their enhanced educational human capital into tangible economic gains. This study provides robust empirical evidence evaluating how digital education initiatives reduce urban-rural education gap, demonstrating that targeted technological interventions can effectively bridge equity gaps in compulsory education systems.
{"title":"Digitization of education and the urban-rural education gap: Evidence from the Chinese household income project data","authors":"Xiang Deng , Hongming Zhang , Yiling Gao , Chunlin Wan","doi":"10.1016/j.asieco.2026.102127","DOIUrl":"10.1016/j.asieco.2026.102127","url":null,"abstract":"<div><div>Using data from the 2018 Chinese Household Income Project, this study evaluates the impact of China's Modern Distance Education Project for Rural Primary and Secondary Schools (MDEP) on urban-rural education gap by employing a cohort-based DID for cross-sectional data approach. The results demonstrate that the MDEP significantly narrowed the education gap, with particularly strong effects observed among rural female students and children from lower-income households. In terms of the mechanism of action, the digitization of education through three paths: improving learning conditions, improving academic performance, and expanding knowledge horizons. Our analysis further reveals that the MDEP contributes to raising income floors for rural households. Crucially, the MDEP effectiveness in boosting incomes depends on beneficiaries' capacity to translate their enhanced educational human capital into tangible economic gains. This study provides robust empirical evidence evaluating how digital education initiatives reduce urban-rural education gap, demonstrating that targeted technological interventions can effectively bridge equity gaps in compulsory education systems.</div></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":"103 ","pages":"Article 102127"},"PeriodicalIF":3.4,"publicationDate":"2026-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145980350","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2026-03-01Epub Date: 2026-01-19DOI: 10.1016/j.asieco.2026.102132
Kaifeng Li, Tong Yang
This study examines how extreme weather affects credit risk in A-share listed banks and its role in financial stability. By integrating bank financial data, meteorological records, and macroeconomic indicators, the research shows that extremely low-temperature days increase bank credit risk. State-owned banks are more resilient than local commercial banks. Regional bank competition also moderates the impact of extreme weather on bank risk. This study provides insights for improving bank risk management and shaping regulatory policies to address challenges posed by extreme weather and maintain financial stability.
{"title":"Study on the effect of extreme weather on bank credit risk","authors":"Kaifeng Li, Tong Yang","doi":"10.1016/j.asieco.2026.102132","DOIUrl":"10.1016/j.asieco.2026.102132","url":null,"abstract":"<div><div>This study examines how extreme weather affects credit risk in A-share listed banks and its role in financial stability. By integrating bank financial data, meteorological records, and macroeconomic indicators, the research shows that extremely low-temperature days increase bank credit risk. State-owned banks are more resilient than local commercial banks. Regional bank competition also moderates the impact of extreme weather on bank risk. This study provides insights for improving bank risk management and shaping regulatory policies to address challenges posed by extreme weather and maintain financial stability.</div></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":"103 ","pages":"Article 102132"},"PeriodicalIF":3.4,"publicationDate":"2026-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"146038376","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2026-03-01Epub Date: 2025-12-30DOI: 10.1016/j.asieco.2025.102110
Shi Li , Mengbing Zhu
Using data from the China Household Income Project (CHIP) for the years 2002, 2013 and 2018, we analyze changes in both absolute and relative poverty among the elderly population in rural China since the beginning of the century. Our analysis indicates that absolute poverty rates-measured based on the official poverty line-declined markedly from 31.19 % in 2002–2.69 % in 2018. In contrast, the incidence of relative poverty within this demographic demonstrated a pronounced upward trend over the same period. Notably, we provide evidence showing that poverty rates among the rural elderly, especially relative poverty rates, are much higher when healthcare expenditures are deducted from their income. Further investigation into the determinants of relative poverty reveals that social security programs, such as the New Rural Cooperative Medicare (NRCM) and the New Rural Pension Scheme (NRPS), have played a important role in alleviating relative poverty among the rural elderly, and remittances from out-migrants are important in lifting rural elderly people out of poverty.
{"title":"Changes in poverty of the rural elderly in China, 2002–2018","authors":"Shi Li , Mengbing Zhu","doi":"10.1016/j.asieco.2025.102110","DOIUrl":"10.1016/j.asieco.2025.102110","url":null,"abstract":"<div><div>Using data from the China Household Income Project (CHIP) for the years 2002, 2013 and 2018, we analyze changes in both absolute and relative poverty among the elderly population in rural China since the beginning of the century. Our analysis indicates that absolute poverty rates-measured based on the official poverty line-declined markedly from 31.19 % in 2002–2.69 % in 2018. In contrast, the incidence of relative poverty within this demographic demonstrated a pronounced upward trend over the same period. Notably, we provide evidence showing that poverty rates among the rural elderly, especially relative poverty rates, are much higher when healthcare expenditures are deducted from their income. Further investigation into the determinants of relative poverty reveals that social security programs, such as the New Rural Cooperative Medicare (NRCM) and the New Rural Pension Scheme (NRPS), have played a important role in alleviating relative poverty among the rural elderly, and remittances from out-migrants are important in lifting rural elderly people out of poverty.</div></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":"103 ","pages":"Article 102110"},"PeriodicalIF":3.4,"publicationDate":"2026-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145928682","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2026-03-01Epub Date: 2026-01-05DOI: 10.1016/j.asieco.2025.102108
Wajid Ali , Seema Saini , Devi Prasad Dash
The study highlights the impact of energy security on global value chain participation (GVCs) in 48 Asian economies from 1990 to 2022, with a major focus on interaction effect of governance indicators. Utilising long run estimation approach our findings indicates, (1)Energy import and usage significantly enhances GVCs participation demonstrating the access to reliable and affordable energy supports; (2) Moderation effect of governance indicators such as political stability, rule of law, government effectiveness, regulatory quality, voice and accountability, and control of corruption indicates the positive and significant impact on GVCs participation, fostering greater industrialization and economic integration; (3) Political globalisation and inbound tourism have a positive impact on GVC participation, indicating strengthen international cooperation, enhanced international mobility and governance through effective regulations and economic policies; (4) Carbon emission also indicates positive influence on GVCs participation, signaling higher levels of industrialization, often associated with increased carbon output, are linked to greater integration into global value chains. Overall, promotion of energy security compliance along with robust institutional governance suggests that energy imports could be an attractive and effective approach in promoting global connectivity with enhanced industrial capacity.
{"title":"Institutional governance and energy security: Unveiling the drivers of global value chain participation in Asian economies","authors":"Wajid Ali , Seema Saini , Devi Prasad Dash","doi":"10.1016/j.asieco.2025.102108","DOIUrl":"10.1016/j.asieco.2025.102108","url":null,"abstract":"<div><div>The study highlights the impact of energy security on global value chain participation (GVCs) in 48 Asian economies from 1990 to 2022, with a major focus on interaction effect of governance indicators. Utilising long run estimation approach our findings indicates, (1)Energy import and usage significantly enhances GVCs participation demonstrating the access to reliable and affordable energy supports; (2) Moderation effect of governance indicators such as political stability, rule of law, government effectiveness, regulatory quality, voice and accountability, and control of corruption indicates the positive and significant impact on GVCs participation, fostering greater industrialization and economic integration; (3) Political globalisation and inbound tourism have a positive impact on GVC participation, indicating strengthen international cooperation, enhanced international mobility and governance through effective regulations and economic policies; (4) Carbon emission also indicates positive influence on GVCs participation, signaling higher levels of industrialization, often associated with increased carbon output, are linked to greater integration into global value chains. Overall, promotion of energy security compliance along with robust institutional governance suggests that energy imports could be an attractive and effective approach in promoting global connectivity with enhanced industrial capacity.</div></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":"103 ","pages":"Article 102108"},"PeriodicalIF":3.4,"publicationDate":"2026-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145979780","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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